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Compass Gold Intercepts 21 m at 0.50 g/t Gold on New Moribala Permit
Target Structure Runs at Least 6 km Along Strike TORONTO, March 31, 2022 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased
About this update from Compass Gold Corporation
[{"type":"text","content":" Target Structure Runs at Least 6 km Along Strike TORONTO, March 31, 2022 (GLOBE NEWSWIRE) -- Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed first-pass drilling on four areas on the new Moribala permit, located on the Company’s Sikasso Property in Southern Mali (Figure 1). Highlights: Initial shallow drilling (43-holes/2,110 m) on four prospects on Moribala permit identified a wide zone of shallow gold mineralization associated with the Moribala fault at Dafaraba Best intercept: 21 m @ 0.50 g/t Au (from surface), incl. 7 m @ 1.01 g/t Au (from surface). Dafaraba mineralization remains open along strike and down dip on a 1-km structure with a geophysical signature matching other prospects where gold mineralization was also found Additional drilling is required to determine controls of mineralization and the degree of continuity Drilling on two other prospects on the permit identified gold mineralization within 40 m of the surface Compass CEO, Larry Phillips, said, “I’m pleased to report our initial drilling on the Moribala permit has been highly successful, where our discovery team has identified a large, promising new target consisting of a wide zone of shallow mineralization with strong gold grades. This new prospect, called Dafaraba, was a blind target identified using ground geophysics and shallow soil anomalism. The structure remains open for at least one kilometre along strike and at depth. It displays the same geophysical characteristics as the gold mineralization we intersected previously at Tarabala and Massala West.” He added, “We also conducted limited drilling at three other locations on the Moribala permit, where we found two more areas on clearly defined faults with encouraging mineralization. Our next priority is to look for strike extensions of the mineralization and identify areas with higher gold grades at depth to determine the full potential of this discovery.” Dr. Sandy Archibald, PGeo, Technical Director, added, “I am delighted with our success at Dafaraba, and we are anxious to initiate additional ground geophysics to the north and south of the mineralization to determine the true strike potential prior to follow-up drilling. Transferring our knowledge from the exploration we performed at Tarabala and Massala West over the last 18 months has...